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9 . A property is currently let for $ 8 5 , 0 0 0 per annum, in advance, fixed for the remaining 4 years

9. A property is currently let for $85,000 per annum, in advance, fixed for the remaining 4 years of the lease. A current rental has been assessed at $115,000 per annum, in advance. Given that a normal rate of return is 11% and that leaseholds have been selling in the area at 19% determine:
a. the tenants interest
b. the owners interest
c. marriage value (if any)

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